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Myths of Bangkok Housing Markets Situation
AREA Press Release No. 303/2018: June 13, 2018

Dr.Sopon Pornchokchai, Ph.D. Dip.FIABCI, MRICS
President, Agency for Real Estate Affairs (AREA)

There is a warning for the information delivered by some property information centre in Thailand which tries to distorted the situation.  The market situation in Bangkok is worsening over time.  However, that information centre tries to said that the situation is still OK.  Please see my press release and the information below.

 

See the video on Youtube here: https://youtu.be/PQGndGSTljA

 

Bangkok Housing Market Assessment
Item Quarter 1
  2017 2018 Changes
No. of Projects 112 96 -14%
No. of Units 28,924 25,026 -13%
Value (Bil USD) 3,077 3,337 8%
Price (USD) 106,386 133,336 25%
Agency for Real Estate Affairs (www.area.co.th)

 

The Real Housing Market Situation in Bangkok
Period Sources Units Left for Sale
    Units   USD (Billion)  
    Figure % Figure %
Q 4/2017 Other Centre 142,000 0% 17.710 0%
  AREA RE Info Centre 195,227 37% 25.144 42%
Q 1/2018 AREA RE Info Centre 189,574 34% 25.086 42%
Agency for Real Estate Affaris (www.area.co.th)

 

Changes in Bangkok Housing Markets, 2017-18
Year  No. of   No. of   Value   Price/Unit 
   Projects   Units   (Bil of USD)   (USD) 
First Four Months 109 26,590 3,493 131,362
2018 (forecasted) 392 95,724 12,574 131,362
2017 410  114,477 14,247 124,454
Changes, 2017-8 -4% -16% -12% 6%
Agency Real Estate Affaris (www.area.co.th)